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The Best Thing About Amazon Was Never Going to Last | If shopping on the site feels different now, that’s because it is (www.theatlantic.com)

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The Best Thing About Amazon Was Never Going to Last | If shopping on the site feels different now, that’s because it is::If shopping on the site feels different now, that’s because it is.

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[-] treefrog@lemm.ee 5 points 1 year ago

Amazon is the mall Best Buy is paying rent too. It's not a store itself but overhead the store pays.

To use your example if the cost of the cables is $2 and the selling price is $20, Amazon's rent is $10 of that. Leaving $8 as Best Buy's profit margin.

[-] NAK@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Exactly. Amazon is essentially running a huge chunk of a retail business for their customers, the people buying and selling products. The reason you pay these fees is so you don't need to run a website, build and maintain warehouses, pay staff like HR, etc etc

this post was submitted on 29 Sep 2023

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